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Chip stocks bounce back as OpenAI files for Wall Street float
Rolling coverage of the latest economic and financial news
Report: U.S. Business Travel Now Accounts for More Than 2% of Economy
Business travel within and to the United States continues to be a major engine powering the nation’s economy and growth, generating $623.8 billion in total gros | Findings reveal business travel supports 6.7 million U.S. jobs and accounts for 2.1% of GDP, underscoring its role as a critical driver of economic growth nationwide.
New York businesses cash in as Knicks' historic NBA Finals run sparks economic boom
Former Modell's Sporting Goods CEO Mitch Modell joins 'Varney & Co.' to discuss how the Knicks' NBA Finals run is fueling a major economic boost for New York City businesses.
Commentary: Small businesses can overcome current government contracting uncertainty
Prepare for more complex requirements and identify opportunities that still exist — and there are still opportunities, advises two leaders leader in the field of women's economic development.
New animal enterprise and innovation degree to prepare students for industry
The Department of Animal Science will offer a new bachelor’s degree in animal enterprise and innovation beginning in August 2026. This one-of-a-kind program will combine training in the core animal science curriculum with business acumen through classes in economics, data management, entrepreneurship and technology systems to meet the needs of an expanding industry.
Inside North Carolina’s Small Business Centers and their role as ‘economic development engines’
Located at North Carolina's 58 community colleges, Small Business Centers serve as economic development engines for their community.
Stock markets fall and oil jumps as Middle East conflict intensifies and AI boom falters
Rolling coverage of the latest economic and financial news
Businesses fear for economy if Swiss vote to cap population at 10 million
Switzerland goes to the polls on June 14 to vote on whether to cap its population at 10 million people in a referendum some have likened to a "Swiss Brexit", alarming many businesses who fear an economic blow should the proposal succeed.
Goldman Sachs pushes Fed rate-cut call to 2027 on strong US jobs data
Goldman Sachs expects the U.S. Federal Reserve to keep rates unchanged through 2026 and delay rate cuts until 2027, it said on Friday, citing stronger economic activity and job growth after a robust payrolls report.
Silverthorne hands out $40,000 in business improvement grants
The Silverthorne Town Council approved $40,000 in grants awarded to five local businesses intended for site enhancement and economic development projects. In the 15th year of the Business Improvement Grant Program, the following five businesses...
D-FW datebook: CPI, home sales and a chat with a celebrity stylist
The week of June 8 features several key economic reports, including the release of the monthly Consumer Price Index.
Kosovo votes again amid political deadlock, seeking EU and NATO progress
Deadlock hampers Kosovo’s EU ambitions as voters head to polls amid economic struggles and political discord.
How Investors May Respond To OPKO Health (OPK) Boosting Its Nicoya Stake And RAYALDEE Milestones
In early June 2026, OPKO Health reported amending its agreement with Nicoya Therapeutics, gaining a 15% equity stake while maintaining eligibility for up to US$115.0 million in potential milestone payments tied to the commercialization of RAYALDEE for chronic kidney disease patients in Greater China and related territories. This deeper partnership not only expands OPKO’s economic interest in RAYALDEE but also tightens its alignment with Nicoya ahead of planned 2027 regulatory filings across...
AJ Patton
Scope of work: A.J. Patton founded 548 Capital and 548 Development to help transform communities and their impact on the planet, developing solutions for the housing, environmental and economic issues facing inner cities. In 2022, he combined the firms into 548 Enterprise.Biggest professional win: 548 Capital rehabilitated a once-decrepit 79th Street building into a sustainable project with 28 affordable units, each with energy-efficient lighting, high-performance windows and state-of-the art HVAC systems, and it will soon include solar photovoltaic rooftop panels.Other contributions: Patton, a member of Crain's 40 Under 40 Class of 2022, is a member of the American Council on Renewable Energy’s Accelerate program, the Chicago Business Leadership Council banking and finance co-chair and a member of the World Leaders Forum board.Crain's 40 Under 40 Class of 2022
America In Focus: US job market is rebounding, but economic frustration persists
U.S. employers added a surprising 172,000 jobs in May as the labor market continued to show resilience in the face of rising costs from the Iran war.
World Cup a ‘shot in the dark’ for Seattle, but many businesses hopeful
Seattle businesses are holding their breath to see if the economic boom predicted to hit the city during the FIFA World Cup pans out.
FIFA World Cup 2026 brings economic boost to Richmond businesses
As the FIFA World Cup 2026 approaches, Richmond business owners are preparing for what could be one of the busiest stretches of the summer.
In roundtable, Eugene and Springfield business leaders raise concern about federal policies economic impact
Several business owners at the roundtable, convened by Oregon Democratic Sen. Jeff Merkley, said customers are spending less. Merkley said higher prices are linked to tariffs, inflation and the Iran war.
Politics Unusual: NYC Deputy Mayor for Economic Justice, NJ primary race discussion
In this episode of Politics Unusual, FOX 5 NY's Morgan McKay speaks to Julie Su, the city's Deputy Mayor for Economic Justice, about Mamdani's plans for city-owned grocery stores. Also, a conversation about two of New Jersey's primary races.
South Florida businesses question whether FIFA's economic boost estimate for the World Cup will become reality
FIFA estimates the seven games played in the area could generate $1.3 billion in economic activity.
Savannah's Big Bon Bodega named Georgia Small Business ROCK STAR
One of five businesses recognized at Georgia Economic Developers Association conference
Chicago businesses 'hurt' and concerned over Bears plan to move ahead with Hammond stadium
Community group Near South Planning Board said the team's move out of Soldier Field will result in potential economic losses for Chicago, from less tourism and visitor spending to fewer jobs.
Business Alum Joins Hearing Aid Manufacturer as Supply Chain Director
Cal State Fullerton College of Business and Economics alum Garland Wong ’20 (MBA) is now a director of supply chain at Audien Hearing, a hearing aid manufacturer. In this space, being grounded in data is essential, but so is allowing room for testing and exploration. Thanks to CSUF’s MBA program, Wong can rise to the […]
Office of Economic Development continues to provide small business energy efficiency grants
“Reducing energy use benefits individual businesses and strengthens our community as a whole as we reduce our reliance on the electrical grid,” said Kauaʻi County Office of Economic Development Director Nalani Bru.
LABI’s Will Green talks session wins and losses
Louisiana’s top business lobby scored several workforce and economic development wins during the recently concluded 2026 legislative session.
No jet fuel shortage in Europe, transport chief says, despite Middle East conflict
Rolling coverage of the latest economic and financial news
Santa Clara County businesses eye World Cup boost after Super Bowl brings in $195M
A massive wave of economic revenue poured into the Bay Area during Super Bowl week, signaling a major financial victory for local economies as the region prepares for its next giant sporting event.
Greater Des Moines Partnership brings Iowa business leaders to D.C.
More than 100 business and community leaders from Central Iowa are in Washington, D.C., advocating for regional priorities and economic development projects during the Greater Des Moines Partnership's annual trip.
World Food Safety Day 2026: EFSA advancing safer food through science
Every year, unsafe food causes illness, long-term health problems and economic harm for millions of people worldwide. World Health Organization estimates that contaminated food causes 866 million illnesses and 1.52 million deaths annually, affecting nearly one in nine people globally. For World Food Safety Day on 7 June 2026, EFSA is reaffirming its commitment to turning scientific evidence into safer food for everyone.
High Growth Tech Stocks In Asia Featuring Damai Entertainment Holdings And 2 Others
In recent weeks, Asian markets have been navigating a complex landscape influenced by global geopolitical developments and economic indicators. As investor sentiment remains buoyant with optimism surrounding AI and technology advancements, this article explores high-growth tech stocks in Asia, featuring companies like Damai Entertainment Holdings that are poised to capitalize on these trends. A good stock in this environment is one that demonstrates resilience through innovation and has the...
Baton Rouge’s economy is booming, report says
Baton Rouge is outperforming many of its regional competitors on several key economic measures, from job growth and pay to housing affordability and worker productivity. That’s according to the G… Already an INSIDER? Sign in. Already an INSIDER? Sign in
Jefferson County Approves $300,000 for Small Business Development Programs
The Jefferson County Commission has approved economic development funding for two organizations aimed at supporting small business growth across the county.Comm
Black businesses as community anchors: History, economic power, and the fight to reserve it
Black-owned businesses play a vital role in building community wealth, jobs, and opportunity. Join Brookings for a discussion on new research, business ownership parity, and strategies to strengthen Black business ecosystems.
Every US state and Washington, DC, ranked by their economies
A recent WalletHub study ranked all US states and Washington, DC, based on economic activity, economic health, and innovation potential.
Are German businesses returning to Russia's SPIEF meeting?
Russian officials and media claim German businesses are comming back to the St. Petersburg Economic Forum despite the war in Ukrainer. But who is actually attending Russia's flagship event this year?
Rob Sand and Zach Lahn to speak at gubernatorial business forum
The candidates will focus on business policy issues, including workforce, tax and regulatory policy, and economic growth.
National Science Foundation grant puts Chicago at the center of an expanding water economy
A $45 million National Science Foundation grant will help nonprofit Current expand a Great Lakes program to turn wastewater into useful economic resources.
SpaceX aims for world’s largest IPO amid fears it is ‘significantly overvalued’
Rolling coverage of the latest economic and financial news
San Jose businesses gear up for multi-week World Cup boost
With the World Cup kicking off next week, businesses across San Jose are preparing for a massive influx of soccer fans—and they are hoping the economic benefits will stretch far beyond downtown.
Orange County business owner supplied Iran with U.S. technology, federal prosecutors say
Jamshid Ghomi, 63, of Newport Coast is accused of conspiracy to violate the International Emergency Economic Powers Act, according to a federal criminal complaint.
US economic activity and inflation both up in recent weeks, Fed survey shows
U.S. economic activity increased a bit in recent weeks, employment was little changed, and the fallout from higher energy prices due to the war in the Middle East was pervasive, the Federal Reserve said on Wednesday, two weeks before Kevin Warsh convenes his first policy meeting as head of the U.S. central bank.
SFA business students gain global edge through immersive study abroad tour of Spain and Portugal
NACOGDOCHES, Texas –– Nearly 50 students from Stephen F. Austin State University’s Nelson Rusche College of Business participated in an intensive, faculty-led study abroad program in Spain and Portugal May 10-21.Led by Dr. Matthew Lindsey, chair of the Department of Management and Marketing, and Dr. Mikhail Kouliavtsev, chair of the Department of Economics and Finance, the experiential learning trip bridged classroom business theory with real-world international operations across the Iberian Peninsula.
Kevin Hassett says US seeing business, stock market ‘boom’
Larry Kudlow highlights booming U.S. business, strong JOLTS numbers, and the S&P 500's 27% growth in the last year, pressing National Economic Council Director Kevin Hassett to acknowledge the positive economic data.
Euro zone business wilts in May as war-driven inflation surges, pointing to Q2 GDP contraction
Euro zone private sector activity shrank at the fastest rate in 18 months in May as waning demand for goods and services — a key gauge of economic health — dragged output lower for a second month while cost pressures hit their highest level in more than three years, a survey showed.
Google must give UK publishers choice to block AI search summaries, says competition watchdog
Rolling coverage of the latest economic and financial news
The AI industry's profit problem is getting bigger, Goldman Sachs says
Chip companies have captured outsized profits, while companies above them in the AI supply chain have yet to show comparable economic returns.
Local business owners learn media strategies at EDC workshop
Local businesses learned how to be media savvy Tuesday during a workshop held by The Economic Development Center.
Governor Moore Hosts Roundtable Discussion on Economic Impact of Federal Immigration Policy
Governor Moore Hosts Roundtable Discussion on Economic Impact of Federal Immigration Policy
Top CEOs brace for downturn, warn US economy will worsen in next 6 months
CEO confidence plummeted from a reading of 59 to 47 in just one quarter, as corporate leaders report worsening economic conditions and shrinking hiring plans.
Industry-Specific Survey Shows Shift in Small Business Optimism
The NFIB Research Center recently released an industry-specific quarterly Small Business Economic Trends survey.
Alphabet to raise $80bn from share sales to fund AI spending splurge
Rolling coverage of the latest economic and financial news
National Academy of Inventors Convenes Global Leaders in Science, Technology, and Innovation for Landmark 15th Annual Conference in Los Angeles
The Premier Convening of Inventors, Researchers, and Technology Leaders Examining the Future of Innovation, Commercialization, and Economic Competitiveness LOS ANGELES, June 01, 2026 (GLOBE NEWSWIRE) -- The National Academy of Inventors (NAI) will convene its landmark 15th Annual Conference from June 1 through June 4, 2026, in Los Angeles at a defining moment for American innovation, economic competitiveness, and global technological leadership. As nations around the world rapidly accelerate inv
JOINT RELEASE: Bill to Create Jobs and Support New Small Businesses Becomes Law
DENVER, CO - Governor Jared Polis on May 29 signed a bill into law to expand eligibility for the successful CLIMBER (Colorado Loans to Increase Mainstreet Business Economic Recovery) program to better equip small businesses for success, create more good-paying jobs and support local economies.
The Latest: Trump faces new inflation warning from bond market, adding to midterm challenges
The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government, causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November’s midterm elections
The Declaration At 250 And Why America’s Founding Ideals Still Matter For Business, AI & Economic Growth
The Declaration at 250 examines how America’s founding ideals continue to shape business, AI, and economic growth in modern markets.
Peer-reviewed papers are ‘old hat science’, says millionaire investor
Candy Crush businessman Mel Morris says universities “must embrace AI” to transform into economic powerhouses
Summit County survey aims to measure Black businesses’ economic power
The Black Chamber of Commerce - Summit County and the University of Akron are surveying Black business owners to measure economic impact.
Center stage: Chattanooga entertainment options are major economic driver
From large events to small, elegant to offbeat, entertainment in Chattanooga is a major economic driver.
Downtown Springfield revitalization plan passed out of the Senate
A bill to create economic development opportunities for Downtown Springfield passed out of the Senate late Sunday night.
How Will FIFA Impact Local Business & Tourism? Join the Conversation June 9!
The FIFA World Cup is coming to the Seattle region—and the economic impact will extend far beyond the stadium
Ministry of Public Health, WHO Thailand and the Embassy of the People’s Republic of China in the Kingdom of Thailand launch initiative to strengthen Thailand’s public health workforce
28 May 2026 | Embassy of the People’s Republic of China in ThailandA skilled and coordinated public health workforce is essential for protecting population health and responding to public health emergencies. Strengthening these capacities was the focus of a meeting held on 28 May 2026 at the Embassy of the People’s Republic of China in Thailand.Dr Ailan Li, WHO Representative to Thailand, together with Dr Watcharanan Tinnaitorn, Deputy Director of the Division of Public Health Emergency Management, Ministry of Public Health, and officials from WHO and the Ministry of Public Health, met with Counselor Zhang Xiaoxiao from the Economic & Commercial Counsellor's Office, Embassy of the People’s Republic of China in the Kingdom of Thailand to mark the launch of collaboration under the WHO Roadmap to strengthen the public health workforce.The initiative supports Thailand in strengthening its public health workforce across both health and non-health sectors. Public health emergencies require coordinated action across a wide range of professions and institutions, including health workers, border control officers, water safety specialists, communication professionals and local government authorities. Through the project, partners will work together to assess workforce capacities, strengthen competencies and promote coordination across sectors to support preparedness and response efforts.The discussion highlighted opportunities to enhance cross-country collaboration through knowledge exchange, communication activities and engagement at key project milestones, supporting workforce development and emergency preparedness efforts.Beyond its immediate objectives, the initiative also reflects Thailand’s contributions to public health at regional and global levels. The exchange highlighted the importance of sharing experiences, lessons learned and good practices through international cooperation to strengthen public health capacity and preparedness.WHO expressed appreciation to the Embassy of the People’s Republic of China in Thailand for supporting the project and recognizing the importance of investing in public health workforce development, preparedness and health security through partnership and multilateral cooperation. WHO also commended Thailand’s continued leadership and commitment to strengthening public health systems and emergency preparedness, including through cross-sector collaboration and workforce development.WHO remains committed to supporting Thailand and partners in advancing resilient and people-centred public health systems and strengthening preparedness for future health challengesAbout the EPHF Roadmap ProjectThailand is one of four countries selected in 2026 to initiate implementation of the Essential Public Health Functions (EPHF) Roadmap, alongside Maldives, Papua New Guinea and Timor-Leste. The initiative is funded by the China International Development Cooperation Agency (CIDCA). The project is led by Thailand’s Ministry of Public Health, with WHO Thailand serving as a co-implementing partner. Other partners include the Chinese Center for Disease Control and Prevention (China CDC), the International Association of National Public Health Institutes (IANPHI), the Global Network for Academic Public Health/Public Health Interprofessional Leadership Alliance (GNAPH/PHILA) and the World Federation of Public Health Associations (WFPHA).
Kane Parsons' Backrooms Spells a YouTube Conquest of the Film Biz
Three YouTubers' theatrical hits this year — including Kane Parsons' 'Backrooms' this weekend — hint at a new economic order even many in the business may not be ready for
MRIPC Complex Selected for Grow Site Ready Program
The Vicksburg Warren Economic Development Partnership (VWEDP) recently announced that the Mississippi River Inland Port Complex (MRIPC), a 1,238-acre industrial site currently under development, has been selected for inclusion in Canadian Pacific Kansas City’s (CPKC) Room to Grow Site Ready Program—further reinforcing its position as a premier destination for industrial investment. As part of the […]
The Social Sciences Are in Trouble
The National Science Foundation division the covers social, behavioral, and economic sciences is in the Trump administration’s crosshairs.
Scott Bessent says US seized roughly $1B in Iranian crypto as regime nears 'end of their tether'
Treasury Secretary Scott Bessent announced the U.S. has seized roughly $1 billion in Iranian cryptocurrency assets as Operation Economic Fury pushes Iran's economy toward collapse.
Rep. Young Kim Introduces BOOST for American Business Act toStrengthen U.S. Economic Competitiveness Abroad
WASHINGTON, D.C. — Today, Congresswoman Young Kim (CA-40) introduced the Building Overseas Opportunities & Strategic Trade (BOOST) for American Business Act to support American businesses abroad and protect critical American industries from foreign adversaries like the Chinese Communist Party (CCP). American businesses competing in international markets too often lack a strong advocate in their corner.
Opinion: State policies matter for taxpayers and the business climate
I start each workday by reviewing the latest economic and government reports for Idaho, Montana, Washington, and Wyoming. It doesn’t take long to see a trend. Those states that prioritize
The Lowest-Cost Player Doesn’t Always Win — A Market Lesson From Batteries
Solar and wind look like they have a cost advantage, but batteries show why the most flexible actors often capture the economic surplus instead.
Bill to Create Jobs and Support New Small Businesses Becomes Law
Governor Jared Polis today signed a bill into law to expand eligibility for the successful CLIMBER (Colorado Loans to Increase Mainstreet Business Economic Recovery) program to better equip small businesses for success, create more good-paying jobs and support local economies.
Jamie Dimon shares blunt message for Zohran Mamdani as New York business concerns grow
JPMorgan Chase CEO Jamie Dimon joins 'Mornings with Maria' to discuss inflation risks, consumer spending, Federal Reserve policy and why he believes fixing government policy could boost economic growth.
Opinion | It’s time for a new business plan for Minneapolis
The City Council seems more focused on niche interests and short-term fixes right now than in addressing the significant long-term economic issues the city faces, Matt Hemsley writes.
Global stocks rise and oil price slips amid hopes of US-Iran peace deal
Rolling coverage of the latest economic and financial news
Introducing Long Island Business Influencers: Accounting 2026
The professionals recognized in this year's Accounting Influencers section are not simply stewards of financial records — they are architects of the region's economic life, shaping how businesses grow, how nonprofits sustain their missions and how individuals and families build lasting wealth.
Northeast Louisiana leaders recruit business in Japan Trade Mission
Economic development officials highlight region’s advantages to Japanese investors
Colorado governor candidates confront business climate, housing affordability woes
Four of the five major-party candidates for Colorado governor share common ground on two big issues: they see the perception that Colorado has become less business‑friendly as a serious concern, and they view housing affordability as central to the state’s economic future. At a Thursday forum in Glendale, the two Democratic candidates — U.S. Sen. […]
Cyber Threats Top CEO Business Fears
For the first time since late 2024, leaders of large-cap companies are more worried about cyberattacks than geopolitical tensions and economic uncertainties.
Is The 2026 World Cup a Model for the Future? A Sports Executive Weighs In.
A sports executive explains the World Cup's complex business operations and economic impact and what it might mean for the sports industry
Cyber and Economic Uncertainty Top Concerns as Business Leaders Brace for a More Complex Risk Environment
Business leaders at midsize and large U.S. companies rank cybersecurity and economic pressures as their foremost concerns heading into 2026, according to The Hartford's annual Risk Monitor.
Alaska Small Business Development Center names new director
Jared Reynolds has an extensive background in the field, most recently as the executive director for the UA Center for Economic Development.
Veterans and Small Businesses Gain Federal Contracting Insight at Pharr Global Business Hub
The Pharr Economic Development Corporation, in partnership with The University of Texas Rio Grande Valley Entrepreneurship and Commercialization Center (ECC), the APEX Accelerator, and the U.S. Small Business Administration, hosted the first session of its 3-part Government Contracting Series at the Pharr Global Business Hub.
Polish scientists and students rally in campaign for 3% funding target
Polish scientists and students have been flooding social media with calls on the government to raise research and development spending as part of 3% for Science, 100% for Poland, a campaign born earlier this month out of frustration with chronic underfunding in the academic sector. On May 27, thousands took the slogan on to the streets.The EU has been trying to convince member states to raise their R&D expenditures to 3% of GDP for more than two decades, but the idea has never gained traction in capitals. Finance ministers were too busy plugging budget holes created in the aftermath of the 2008 crisis, then the Covid pandemic, the war in Ukraine, and now the war in Iran.Critics say that countries missed or ignored the target because it is voluntary, but also because research communities have rarely raised their voice to put pressure on national governments. The European Commission hopes to make the target legally binding in the upcoming European Research Area Act, an EU-wide regulation that should be announced by the end of the year. Academia in Poland has been faced with a funding crisis for years, often leaving its members with no other choice but to work abroad in order to access better resources, or leave the sector altogether in the hope of earning a decent living. The risk, in the long-term, is that brain drain stifles local innovation capacity and technological competitiveness.In just a few weeks, the movement rallied nationwide support, including from major academic bodies and trade unions such as the Conference of Rectors of Academic Schools in Poland and the Presidium of the Polish Academy of Sciences. Its public petition collected more than 23,000 signatures. On May 27, it formed the first large protest for science in Poland, gathering thousands of people in front of the parliament building in Warsaw.Ilona Uryga-Bugajska, representative of the Marie Curie Alumni Association Poland Chapter, was there. “The protest was peaceful, with no incidents reported, and the entire event took place in a respectful and calm atmosphere,” she said. Banners she saw in the crowd carried slogans such as “A little longer and I’ll be teaching in a supermarket,” “National culture, starvation salary,” “Stop the destruction of science,” “Passion will not pay the rent,” “Without action, don’t expect a better future,” and “Pull science out of the hole.” She also observed a strong presence of young researchers, who are on the frontline of Poland’s academic crisis.“Academics are usually people who prefer discussion, analysis, dialogue and compromise. We are not a group that protests easily,” said Katarzyna Marzec, professor at the Faculty of Pharmacy of the Jagiellonian University Medical College and AGH University of Krakow, who also took part. “But many of us feel that we have been pushed against the wall.”Aleksandra Rutkowska, translational neuroscientist and research group leader at the Medical University of Gdańsk, agreed. “Frustration in the scientific community is very high,” she said. “Science is often used politically as a symbol of innovation and modernity, but the everyday reality inside many institutions is much more difficult. There is a large gap between the public narrative and the actual condition of the sector.”Maria Wiktoria Górna, head of the structural biology group at the University of Warsaw and one of the organisers of the movement, told Science|Business that the campaign would continue without proven results. This might involve another strike in the autumn, she said. “Empty promises are not enough by now.”Campaign demandsAccording to Uryga-Bugajska, the organisers officially presented their demands and concerns to representatives of the government present at the event. These included Marek Gzik, deputy minister of science and higher education, and Karolina Zioło-Pużuk, secretary of state of that same ministry.The headline demand, for the government to increase national spending on R&D to 3% of GDP by 2030, should be within Poland’s economic capacity, Rutkowska said. “The real question is whether there is genuine long-term political commitment to treating science as a strategic priority rather than a slogan.”In 2024, R&D expenditure in Poland stood at 1.41% of GDP, which is slightly above the average for central and eastern Europe, with countries such as Czechia recording 1.82%, Hungary 1.31% and Romania 0.46%. However, it falls noticeably short of the EU average of 2.24%, which just a handful of countries exceed, including Germany, Belgium and Sweden.Campaigners are also asking for fair wages for scientific staff, including PhD stipends and junior academic salaries, which are widely considered uncompetitive. Starting doctoral scholarships amount to some €843 gross per month, when the statutory minimum wage stands at €1,135. By pushing early-career researchers out of Poland, growing precarity has caused a generational gap in the academic workforce, with just 25% of lecturers aged under 40. In this context, the movement fears that scientific careers could soon be accessible to a privileged minority only.Grzegorz Spólnik is a case in point. After 15 years working in mass spectrometry at the Polish Academy of Sciences, he decided to leave partly “to earn enough money to live a normal life,” he said. “At that time, my earnings were similar to those of people working in grocery shops, and the work-life balance is something that does not exist in science, or is very hard to achieve.”Now a senior field service engineer for Polish laboratory equipment supplier Bioanalytic, he would consider going back to research, “but never in the public sector, maybe some start-up or a big private company with ambitious R&D.”The campaigners want to see more support for basic research and have called for €236 million to be added to the budget of the National Science Centre (NCN) in 2027 so that the average grant application success rate does not fall below 25%.“At the protest, there was a banner I particularly liked: ‘NCN is not a lottery.’ Unfortunately, for many researchers, it increasingly feels exactly like one,” Marzec said. “Personally, I am one of the lucky ones. I work at two of the strongest institutions in the country, where the research standards are very high. I know that in many other institutions, the situation is much worse and obtaining funding for research at an early-career stage is becoming nearly impossible.”Rutkowska also considers herself fortunate. After studying abroad and holding a postdoctoral position, she returned to Poland, where her pay was supported through an NCN-funded project linked to the Marie Skłodowska-Curie Actions. “This also made me very aware that good research conditions in Poland often depend on external competitive funding rather than on stable support from the system itself,” she said.Long-term strategyBeyond the lack of funds for both salaries and grants, scientists believe that the issue is structural. “The biggest problem at the moment is the complete lack of a clear long-term strategy for the development of science and research from the current government,” Marzec said. “Everything ends with declarations and promises that are never truly followed by concrete actions or structural reforms.”Rutkowska agreed, citing a lack of infrastructure, continuity and long-term institutional support.“Running a research group in Poland often means functioning as an entire institution at once,” she said. “I am a principal investigator, a mentor, a recruiter, a project administrator and, when needed, still someone who returns to the lab bench to help with experiments,” she went on. “This creates a large hidden workload that takes time and energy away from actual science. At times, it feels as though scientists are no longer expecting extra help; we simply hope the system will stop creating additional obstacles that make research unnecessarily difficult.”Related articlesStrategic thinking: Germany funds joint research with Poland and FrancePoland to transfer €30M of regional funds to boost Horizon Europe participationPoland is funding fewer basic research grants as high inflation hitsIn short, “academics are expected to teach, publish papers, apply for grants and conduct high-quality research, while funding and salaries remain very limited,” said Uryga-Bugajska, who returned to her home country after 13 years in the UK.According to Marzec, another issue is the way that research institutions are evaluated. Previously, this took place every four years, with a clear differentiation between stronger and weaker institutions. “The current government, perhaps to avoid political backlash, effectively concluded that everyone is doing well, so in practice no meaningful evaluation took place,” she said.But in her view, “some form of serious assessment is necessary” to ensure the excellence and international competitiveness of Polish institutions, and to determine how to best use public resources and where institutional structures need reform. “Some institutions may need to rethink hiring practices in order to attract ambitious young researchers who are capable of obtaining competitive grants and building internationally visible research groups.” Rutkowska has already had to adapt. “When hiring PhD students, I often have to combine different funding sources creatively to make positions attractive enough for talented people to stay in science,” she said. “Many young researchers do not see a stable future in academia in Poland, and that is deeply worrying.”
Polish scientists and students rally in campaign for better conditions
Polish scientists and students have been flooding social media with calls on the government to raise research and development spending as part of 3% for Science, 100% for Poland, a campaign born earlier this month out of frustration with chronic underfunding in the academic sector. On May 27, thousands took the slogan on to the streets.The EU has been trying to convince member states to raise their R&D expenditures to 3% of GDP for more than two decades, but the idea has never gained traction in capitals. Finance ministers were too busy plugging budget holes created in the aftermath of the 2008 crisis, then the Covid pandemic, the war in Ukraine, and now the war in Iran.Critics say that countries missed or ignored the target because it is voluntary, but also because research communities have rarely raised their voice to put pressure on national governments. The European Commission hopes to make the target legally binding in the upcoming European Research Area Act, an EU-wide regulation that should be announced by the end of the year. Academia in Poland has been faced with a funding crisis for years, often leaving its members with no other choice but to work abroad in order to access better resources, or leave the sector altogether in the hope of earning a decent living. The risk, in the long-term, is that brain drain stifles local innovation capacity and technological competitiveness.In just a few weeks, the movement rallied nationwide support, including from major academic bodies and trade unions such as the Conference of Rectors of Academic Schools in Poland and the Presidium of the Polish Academy of Sciences. Its public petition collected more than 23,000 signatures. On May 27, it formed the first large protest for science in Poland, gathering thousands of people in front of the parliament building in Warsaw.Ilona Uryga-Bugajska, representative of the Marie Curie Alumni Association Poland Chapter, was there. “The protest was peaceful, with no incidents reported, and the entire event took place in a respectful and calm atmosphere,” she said. Banners she saw in the crowd carried slogans such as “A little longer and I’ll be teaching in a supermarket,” “National culture, starvation salary,” “Stop the destruction of science,” “Passion will not pay the rent,” “Without action, don’t expect a better future,” and “Pull science out of the hole.” She also observed a strong presence of young researchers, who are on the frontline of Poland’s academic crisis.“Academics are usually people who prefer discussion, analysis, dialogue and compromise. We are not a group that protests easily,” said Katarzyna Marzec, professor at the Faculty of Pharmacy of the Jagiellonian University Medical College and AGH University of Krakow, who also took part. “But many of us feel that we have been pushed against the wall.”Aleksandra Rutkowska, translational neuroscientist and research group leader at the Medical University of Gdańsk, agreed. “Frustration in the scientific community is very high,” she said. “Science is often used politically as a symbol of innovation and modernity, but the everyday reality inside many institutions is much more difficult. There is a large gap between the public narrative and the actual condition of the sector.”Maria Wiktoria Górna, head of the structural biology group at the University of Warsaw and one of the organisers of the movement, told Science|Business that the campaign would continue without proven results. This might involve another strike in the autumn, she said. “Empty promises are not enough by now.”Campaign demandsAccording to Uryga-Bugajska, the organisers officially presented their demands and concerns to representatives of the government present at the event. These included Marek Gzik, deputy minister of science and higher education, and Karolina Zioło-Pużuk, secretary of state of that same ministry.The headline demand, for the government to increase national spending on R&D to 3% of GDP by 2030, should be within Poland’s economic capacity, Rutkowska said. “The real question is whether there is genuine long-term political commitment to treating science as a strategic priority rather than a slogan.”In 2024, R&D expenditure in Poland stood at 1.41% of GDP, which is slightly above the average for central and eastern Europe, with countries such as Czechia recording 1.82%, Hungary 1.31% and Romania 0.46%. However, it falls noticeably short of the EU average of 2.24%, which just a handful of countries exceed, including Germany, Belgium and Sweden.Campaigners are also asking for fair wages for scientific staff, including PhD stipends and junior academic salaries, which are widely considered uncompetitive. Starting doctoral scholarships amount to some €843 gross per month, when the statutory minimum wage stands at €1,135. By pushing early-career researchers out of Poland, growing precarity has caused a generational gap in the academic workforce, with just 25% of lecturers aged under 40. In this context, the movement fears that scientific careers could soon be accessible to a privileged minority only.Grzegorz Spólnik is a case in point. After 15 years working in mass spectrometry at the Polish Academy of Sciences, he decided to leave partly “to earn enough money to live a normal life,” he said. “At that time, my earnings were similar to those of people working in grocery shops, and the work-life balance is something that does not exist in science, or is very hard to achieve.”Now a senior field service engineer for Polish laboratory equipment supplier Bioanalytic, he would consider going back to research, “but never in the public sector, maybe some start-up or a big private company with ambitious R&D.”The campaigners want to see more support for basic research and have called for €236 million to be added to the budget of the National Science Centre (NCN) in 2027 so that the average grant application success rate does not fall below 25%.“At the protest, there was a banner I particularly liked: ‘NCN is not a lottery.’ Unfortunately, for many researchers, it increasingly feels exactly like one,” Marzec said. “Personally, I am one of the lucky ones. I work at two of the strongest institutions in the country, where the research standards are very high. I know that in many other institutions, the situation is much worse and obtaining funding for research at an early-career stage is becoming nearly impossible.”Rutkowska also considers herself fortunate. After studying abroad and holding a postdoctoral position, she returned to Poland, where her pay was supported through an NCN-funded project linked to the Marie Skłodowska-Curie Actions. “This also made me very aware that good research conditions in Poland often depend on external competitive funding rather than on stable support from the system itself,” she said.Long-term strategyBeyond the lack of funds for both salaries and grants, scientists believe that the issue is structural. “The biggest problem at the moment is the complete lack of a clear long-term strategy for the development of science and research from the current government,” Marzec said. “Everything ends with declarations and promises that are never truly followed by concrete actions or structural reforms.”Rutkowska agreed, citing a lack of infrastructure, continuity and long-term institutional support.“Running a research group in Poland often means functioning as an entire institution at once,” she said. “I am a principal investigator, a mentor, a recruiter, a project administrator and, when needed, still someone who returns to the lab bench to help with experiments,” she went on. “This creates a large hidden workload that takes time and energy away from actual science. At times, it feels as though scientists are no longer expecting extra help; we simply hope the system will stop creating additional obstacles that make research unnecessarily difficult.”Related articlesStrategic thinking: Germany funds joint research with Poland and FrancePoland to transfer €30M of regional funds to boost Horizon Europe participationPoland is funding fewer basic research grants as high inflation hitsIn short, “academics are expected to teach, publish papers, apply for grants and conduct high-quality research, while funding and salaries remain very limited,” said Uryga-Bugajska, who returned to her home country after 13 years in the UK.According to Marzec, another issue is the way that research institutions are evaluated. Previously, this took place every four years, with a clear differentiation between stronger and weaker institutions. “The current government, perhaps to avoid political backlash, effectively concluded that everyone is doing well, so in practice no meaningful evaluation took place,” she said.But in her view, “some form of serious assessment is necessary” to ensure the excellence and international competitiveness of Polish institutions, and to determine how to best use public resources and where institutional structures need reform. “Some institutions may need to rethink hiring practices in order to attract ambitious young researchers who are capable of obtaining competitive grants and building internationally visible research groups.” Rutkowska has already had to adapt. “When hiring PhD students, I often have to combine different funding sources creatively to make positions attractive enough for talented people to stay in science,” she said. “Many young researchers do not see a stable future in academia in Poland, and that is deeply worrying.”
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